1523 Tipton Rd

Munford, TN 38058
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4 bd, 3 ba | 1,774 sqft | Built in 1985

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List Price
$184,900

Initial Investment

$50,385

Purchase Price

$184,900

Down Payment

25%

Rent

$2,160

Total Return

$145,028

Annualized Return

35.6%

Cap Rate

9.5%

Gross Yield

14.0%

Cash Flow

$6,566

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

39,204

HOA

None

Flood Risk

Not Required

Wonderful home in Munford with split bedroom plan on almost an acre. This home has room for everyone with 4 bedrooms 3 full bathrooms in addition to a couple bonus or flex areas to use as you please. Updated eat in kitchen with access to balcony with beautiful of your property. Home is full of possibilities with large finished walkout basement with access to patio overlooking backyard.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$24,624

Expenses

-$6,306

Property Taxes

-$1,700

Loan Payments

-$10,052

Net Cash Flow

$6,566

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:H. Ben Strauch
Agent License 265513
Homestead Real Estate Group
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10170467
Last Updated: 04/22/2024 16:04
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